70 central banks were surveyed. Almost a third of them plan to increase their gold reserves in the next twelve months. And this despite high gold prices and after two years of record purchases by central banks. None of the central banks surveyed anticipate a decline in gold reserves. The survey reflects the highest level of confidence since the survey began in 2019. Central banks see gold as a hedge against political and economic uncertainties. This is because gold performs well in times of crisis, ensures long-term value retention, protects against inflation and diversifies investment assets. Gold also has high liquidity and there is no risk of default. And it is not only the central banks of emerging and developing countries that are increasingly turning to gold. The central banks of the advanced economies, namely 57 percent, assume that gold will account for a larger share of reserves in five years’ time. Last year, only 38 percent shared this opinion. At the same time, the number of central banks that see the US dollar’s share of global reserves falling is increasing.

According to the World Gold Council, eight central banks bought gold in April, 33 tons in total. Turkey (eight tons), Poland, India and Kazakhstan were particularly eager. China held back somewhat, but it should be noted that in addition to the reported gold purchases, there were probably also purchases that were not reported. Incidentally, gold ETF holdings rose in May for the first time in a month in a year. Private investors should also put their trust in gold and familiarize themselves with companies such as Osisko Development or Sierra Madre Gold and Silver.

Osisko Development – https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ – is developing gold projects in Canada, the USA and Mexico. The focus is particularly on early-producing projects.

In Mexico, Sierra Madre Gold and Silver – https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ – owns projects containing gold and silver. The revitalization of the La Guitarra mine is one of them.

Current company information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-ltd/ -) and Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/